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Feb 20, 2013
02/13
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as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fox con pressuring shares this morning. >>> the rally continuing with the dow and s&p having their best day in two weeks. nasdaq closing at 12-year highs. dow less than 130 points from closing at an all-time high. guys, a lot of discussion about how it's a nominal high. but getting back to 14164 would be news. in some form or fashion, jim. >> i think that there is a level of, dare i say, excitement. in other words, we're seeing lev
as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal...
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Jul 26, 2013
07/13
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in the meantime, guys, as far as the next couple trading weeks are concerned, i can tell that you angela merkel has gone on holiday despite the fact she's got an election in september which kind of indicates that everything is going to be okay for now. >> or it won't if you know murphy's law. simon hobbs, thank you very much, sir. both sides of the atlantic by the way are keeping an eye on the trial of fab tourre. the testimony he's given is just finished in the case against him. mary thompson has the latest. >> of course, tourre stepping down after what was essentially 2 1/2 days on the witness stand. the s.e.c. alleging that mr. tourre deliberately withheld information to investors about john paulson, the hedge fund titan's role in a synthetic cbo called abacus which netted paulson a billion dollars. the investors on the other side of the trade losing $1 billion. tourre's defense attorney foc focusing on two things today. she focused on subsequent e-mails sent by tourre to the members of all the involved parties showing preliminary term sheets that contradicted an earlier e-mail that t
in the meantime, guys, as far as the next couple trading weeks are concerned, i can tell that you angela merkel has gone on holiday despite the fact she's got an election in september which kind of indicates that everything is going to be okay for now. >> or it won't if you know murphy's law. simon hobbs, thank you very much, sir. both sides of the atlantic by the way are keeping an eye on the trial of fab tourre. the testimony he's given is just finished in the case against him. mary...
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Jan 9, 2013
01/13
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angela merckel has to face the elect rat with euros that are propping up the whole system. so the german election, italian election absolutely key this year. as indeed this question of whether the social fabric will hold. as time goes on with pension cuts, with people running down savings amid mass austerity, spain or greece, what happens if a protester is accidentally shot? what will that do to whether they have to calm the environment? that's what people are talking about on the periphery of europe at the moment and question of real money to return, real money. long-term money will return back to the peripheral bond markets. spain the going to try to raise 121 billion euros of debt this year. who will buy it? at the real level. you can liberalize, for example, the greek taxi system. who will set up a taxi firm in athens in the present system? returning the big question of whether the nasties in the banking system which still remain in europe could blow up massive parts of the system undercapitalized and sony kapoor believes that the banking union is a total farce because
angela merckel has to face the elect rat with euros that are propping up the whole system. so the german election, italian election absolutely key this year. as indeed this question of whether the social fabric will hold. as time goes on with pension cuts, with people running down savings amid mass austerity, spain or greece, what happens if a protester is accidentally shot? what will that do to whether they have to calm the environment? that's what people are talking about on the periphery of...
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Jun 19, 2013
06/13
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first he appeared with german chancellor angela merkel. he defend ed the programs, and said they saved lives. >> as a consequence, we have saved lives. we know of at least 50 threats that have been averted because of this information, and not just in the united states, but in some cases threats right here in germany. so lives have been saved. and the enkroechment on privacy has been strict ly limited by a process to relate to these particular categories. >> so leaning on the technological means to battle terrorism, president obama also spoke at the brandenburg gate and said that a different threa additional cuts in nuclear weapons. >> our fates and fortunes are linked like never before. we may no longer live in fear of global annihilation, but so long as nuclear weapons exist, we are not truly safe. >> and of course, simon, none of that on either subject addressed the number one most pressing security issue facing the president which is what to do about syria, and the president and other parts of the world, including russian president puti
first he appeared with german chancellor angela merkel. he defend ed the programs, and said they saved lives. >> as a consequence, we have saved lives. we know of at least 50 threats that have been averted because of this information, and not just in the united states, but in some cases threats right here in germany. so lives have been saved. and the enkroechment on privacy has been strict ly limited by a process to relate to these particular categories. >> so leaning on the...
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Jan 2, 2013
01/13
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was angela merkel right it will be tougher for germany than 2012 was? >> i think growth remains very, very weak. therefore, i think during the course of the year, ecb will be forced to take additional steps. that will drive the euro gradually lower. >> gradually lower, but not a crash. >> not a crash like we saw in the summer. >> interesting. thank you for your time. >> thanks so much. >> for more currency trades, be sure to catch "money in motion" on friday at 5:30 with melissa. if you want more educational currencies, go to currencyclash @money in month. >> the fiscal cliff that was almost not. what it means for the players in health care. the ceo of athena health joins us in 15 minutes' time. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been
was angela merkel right it will be tougher for germany than 2012 was? >> i think growth remains very, very weak. therefore, i think during the course of the year, ecb will be forced to take additional steps. that will drive the euro gradually lower. >> gradually lower, but not a crash. >> not a crash like we saw in the summer. >> interesting. thank you for your time. >> thanks so much. >> for more currency trades, be sure to catch "money in motion"...
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Feb 1, 2013
02/13
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he met angela merkel today. he now heads to a major security conference by chance in munich with dozens of heads of state and 70 defense and foreign ministers. that will be key. the situation in turkey as it is with iran, may upgrade nuclear facilities and he'll also meet syrian opposition leaders. a lot going on in terms of defense and politics. let me mention one more to you. today it was announced gili is taking over that manufacturing base for just $17 million. carl, it's what they call the third wave of globalization where former emerging or developing economies -- india and china -- now come back into the main stream, into western europe or america and buy those branded assets. in particular of course land rover bought by the indians. back to you. >> all i know is great leg room. you got a lot of leg room in those. >> more expensive i'm afraid. >> good weekend, simon. >> you too. >> let's check on energy and commodities. sharon epperson has a lot of news today. >> there is a lot of news. there's a lot of c
he met angela merkel today. he now heads to a major security conference by chance in munich with dozens of heads of state and 70 defense and foreign ministers. that will be key. the situation in turkey as it is with iran, may upgrade nuclear facilities and he'll also meet syrian opposition leaders. a lot going on in terms of defense and politics. let me mention one more to you. today it was announced gili is taking over that manufacturing base for just $17 million. carl, it's what they call the...
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Oct 2, 2013
10/13
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and his point is angela merckel won -- >> they're thinking about world war ii and they're thinking if we have currency, maybe germany doesn't rearm. these guys, this is about 1936. there was a question whether the british thought whether the french would really fight the germans and talks behind the scene between the nazis and british. they never want to go to that path again. they don't want to have negotiations about whether there should be armament. this is the security against armament. there's a million dollar additional buyback. that he's asking for. >> it's a very stable company versus a shaky balance sheet of an unstable government. >> you seem to have done a better job of figuring things out over the last few days than we have. >> what did they have a verisimo party that buckled? what is that? >> pdl. >> it's not lipton tea, i'll tell you that much. >> let's move on to microsoft, another company we're watching very closely. apparently three of the largest shareholders for microsoft. this a reuters story. i'll want to share that for you with that caveat. they're pushing, reute
and his point is angela merckel won -- >> they're thinking about world war ii and they're thinking if we have currency, maybe germany doesn't rearm. these guys, this is about 1936. there was a question whether the british thought whether the french would really fight the germans and talks behind the scene between the nazis and british. they never want to go to that path again. they don't want to have negotiations about whether there should be armament. this is the security against...
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Jun 26, 2013
06/13
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to add more, angela merkel came out and said germany has to do more to promote growth throughout europe. so i think we're going to be okay for a little bit. as far as derivatives in any kind of games, we're very much negative on that. however, if you're referring to the ft article today, we still reserve the right to see if they're just taking a hedge position and saying they lost billions on one side without compensating the fact they made blls on the other. i don't think the yir is out on that. if it is similar to what they did in greece, we have a real problem. >> thanks, andy. thanks for your time as always. carl and the gang, back to you. >> all right. thank you, rick. jpmorgan chairman and ceo jamie dimon reacting to today's decision to strike down the defense of marriage act. that's coming up. >>> plus, the future of the keystone pipeline. president obama saying he'll kill the project if it adds any greenhouse gas emissions. what does it mean for the future of the keystone and, in fact, for prices at the pump? we'll ask the ceo of gulf oil joe petpetrowski when we come b. e james
to add more, angela merkel came out and said germany has to do more to promote growth throughout europe. so i think we're going to be okay for a little bit. as far as derivatives in any kind of games, we're very much negative on that. however, if you're referring to the ft article today, we still reserve the right to see if they're just taking a hedge position and saying they lost billions on one side without compensating the fact they made blls on the other. i don't think the yir is out on...
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Nov 27, 2013
11/13
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after two months of negotiation, angela merkel has finally been able to do a deal to form a coalition government with her archrivals, in fact, the spd. this will, if it goes through, include 23 billion euros of extra spending. that's good for europe. it will also mean a transaction tax on currency trades, and, also, on derivatives. but first, the spd has to pass that through the members, and that could be, they say, a tricky vote. finally, going over to london, where prince william stunned guests at the winter whites gala at kensington palace last night when he perform add duet with jon bon jovi. let's listen in to the future king of england. ♪ livin' on a prayer we'll make it i swear ♪ >> perhaps a reminder to us all, a pleasant reminder, not to drink too much this thanksgiving. [ laughter ] kelly? >> that will be us in a couple of days with any luck. >>> let's bring in mary thompson with a look at what's moving at the nyse. >> the record run continues. we see modest moves for the dow into new territory. the moves for the nasdaq into multiyear highs has been more aggressive, and
after two months of negotiation, angela merkel has finally been able to do a deal to form a coalition government with her archrivals, in fact, the spd. this will, if it goes through, include 23 billion euros of extra spending. that's good for europe. it will also mean a transaction tax on currency trades, and, also, on derivatives. but first, the spd has to pass that through the members, and that could be, they say, a tricky vote. finally, going over to london, where prince william stunned...
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Sep 23, 2013
09/13
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a stunning victory for angela merkel. her own party holding more than they have done in the last 20 years. she still doesn't have power. she has to unseat some sort of coalition on the left of german politics. it is a result that is ringing around europe even as we speak. josh feinman is the chief economist of deutsche management >>> you have a woman who is desperately unpopular in greece and portugal arguably and the likes of spine and italy as well. yet, you have this resounding vote for her on a personal level coming through in germany. what does that say about where we are in the europe crisis? >> clearly, the creaks and protuguese didn't have a vote, the germans did. as you pointed out. they gave hr a resounding victory. it fell short of leading the government on their own. it is an endorsement of the germans of the basic approach she has taken to the euro crisis, which has been prague nat tick, moving slowly and we are going to continue to see more of that. >> there is a huge amount of mon think that's clearly gone
a stunning victory for angela merkel. her own party holding more than they have done in the last 20 years. she still doesn't have power. she has to unseat some sort of coalition on the left of german politics. it is a result that is ringing around europe even as we speak. josh feinman is the chief economist of deutsche management >>> you have a woman who is desperately unpopular in greece and portugal arguably and the likes of spine and italy as well. yet, you have this resounding vote...
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Dec 17, 2013
12/13
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today, a towering figure, angela merkel, in the wake of having formed a coalition government finally in the wake of the german election, was re-elected for a third time as the chancellor of germany, and took the oath. really a towering figure without european politics now, having managed to occupy so prolifically the center ground in the largest economy in the euro zone. she emboldened, guys. now, of course, goes off to european leaders summit thursday and friday in which banking union will be front and center. back to you. >> what a year she has had. >> phenomenal. >> a survivor. thank you so much, simon. >>> the dow's losses have accelerated, and let's get to bob. >> looking at the dow industrials. we're down right at the lows for the day. the important thing is it's fairly narrow amplitude. the dow is moving in a 60-point range, and the average daily basis is 125 points. remember, we're not moving in a very big range. in terms of the movers, what you want to look at is the fact that the movers are the high beta names, so biotech, airlines, housing, the gold mining index is down mo
today, a towering figure, angela merkel, in the wake of having formed a coalition government finally in the wake of the german election, was re-elected for a third time as the chancellor of germany, and took the oath. really a towering figure without european politics now, having managed to occupy so prolifically the center ground in the largest economy in the euro zone. she emboldened, guys. now, of course, goes off to european leaders summit thursday and friday in which banking union will be...
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Jul 19, 2013
07/13
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angela merkel adamant that's not going to happen because of the consequences for the rest of europe, and her finance minister, daniel is in the lion's den, went to athens yesterday and lectured the greeks. this is what he had to say. >> i would make one very serious remark. i would like to ask all of you not to continue in this time this discussion on a new haircut. it is not in your interest. they have agreed the second program for greece and it was difficult to get it, i tell you. >> and with that the wagging of the finger of the german finance minister, have a great weekend, guys. >> thank you very much, simon. let's get to bob pisani who is watching what's moving at the big board. >> not a lot of energy in the dow, but great relief down here on the floor because the industrial numbers for the big companies came in a little bit above expectations and that was a relief after google and microsoft. not surprisingly, industrials are leading. that makes a lot of sense because they're the ones that matter. health care, energy, and materials, today they're the one that is matter, on the
angela merkel adamant that's not going to happen because of the consequences for the rest of europe, and her finance minister, daniel is in the lion's den, went to athens yesterday and lectured the greeks. this is what he had to say. >> i would make one very serious remark. i would like to ask all of you not to continue in this time this discussion on a new haircut. it is not in your interest. they have agreed the second program for greece and it was difficult to get it, i tell you....
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Aug 29, 2013
08/13
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syria, military action, not seen as imminent between the debate in the uk parliament, comments from angela merkel saying she would prefer to see a diplomatic resolution, but we are continuing to see that brent premium widening, and one of the things that people are watching for is what this means in terms of the international supply. more analysts say they do not think this will impact oil but the perception in terms of supply is what has driven this price. the saudis, in fact, say they are going to increase production according to oil consultancy by a million barrels to 10.5 million but a lot of that is putting back on the market what has been lost because of the lift in libya and their production being cut back. the interesting thing to watch is the crude curve here in terms of wti nymex crude, way stronger. a lot more backwardation. but still not a big move on the back end. as far as metals, it's extending there as well with the dollar a bit stronger following the data this morning and we are seeing gold giving back after a recent run-up but still holding above $1,400 an ounce. >> berth
syria, military action, not seen as imminent between the debate in the uk parliament, comments from angela merkel saying she would prefer to see a diplomatic resolution, but we are continuing to see that brent premium widening, and one of the things that people are watching for is what this means in terms of the international supply. more analysts say they do not think this will impact oil but the perception in terms of supply is what has driven this price. the saudis, in fact, say they are...
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Oct 24, 2013
10/13
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. >> angela merkel might want something for the nsa. >> this s important story developing when you think about the totality of what's going on in this country. our allies are not happy with us, the chinese are not happy with us. >> why not the health care peop people? >> government works in mysterious ways. >> there is some day-after cat damage. jpmorgan cuts to neutral, raymond james cuts to market perform. >> they make the best machines. keep coming back to that. stock was up huge in the premarket, you wait for the guidance for conference call and they guided negatively. don't trade when the headlines come out, akamai, because it's that conference right before the q & a when they lower the boom and you don't know what the boom is going to be and akamai was terrible. it's a shame. it's a good company. >> deutsche goes from hold to buy, even as i think they take down ubs. a big piece in the "times" today about a letter to jamie dimon saying don't worry, it worked out for blankfein in the end. >> that was a really interesting piece. how lloyd has been able to really become the senior stat
. >> angela merkel might want something for the nsa. >> this s important story developing when you think about the totality of what's going on in this country. our allies are not happy with us, the chinese are not happy with us. >> why not the health care peop people? >> government works in mysterious ways. >> there is some day-after cat damage. jpmorgan cuts to neutral, raymond james cuts to market perform. >> they make the best machines. keep coming back to...
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Aug 8, 2013
08/13
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positioning potentially for obama to stand with samaras potentially against austerity in the face of angela merkel is how some people are painting it. remember, according to the imf, the greeks still need more money, and after we get through the german election on september the 22nd, we will see how that plays out. >> kind of forgot, we've got an election to deal with over there. >> she's going to win though, hands down. >> she's going on vacation. >> she's going on holiday, i love that. >> don't worry, i got it. thanks, simon. >> what a crazy day in gold and nat gas. let's get to sharon epperson. >> and oil, too, carl, because you would think china as the world's largest oil consumer would actually have seen perhaps a rally in oil prices based on the import data we got. we're looking at imposhtrts at record pace in july. we're looking at lower oil prices and lower petroleum prices and a lot of that has to do with what we're seeing in terms of supply in the north sea coming back online and what demand is going to be here and elsewhere. natural gas has been extremely volatile this morning. i
positioning potentially for obama to stand with samaras potentially against austerity in the face of angela merkel is how some people are painting it. remember, according to the imf, the greeks still need more money, and after we get through the german election on september the 22nd, we will see how that plays out. >> kind of forgot, we've got an election to deal with over there. >> she's going to win though, hands down. >> she's going on vacation. >> she's going on...
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Mar 7, 2013
03/13
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angela merkel last week said that was the biggest problem. we know we need more growth, we just don't know how to get it right now. angela merkel said she doesn't next actually how to do it the economic data, the way i look at it, it's still pretty mixed. i think the best you can say, we have got a slow growth, slow grind higher at this point here. so, we need more business investment, we need more exports, we need healthier consumers right now. a lot of the discussions on washington, on the debt negotiations, would go a long way toward helping business confidence, which is why i keep mentioning moving on washington as a big help to the stock market. that would help capital investments overall. so, we will see. so, it's no doubt the central banks are helping suck some money into the equities markets now yesterday, i noticed big inflows. i noted this big inflows into huge stock etfs, big cap, s & p 500 etfs, big flows into real estate investment trust, infleece emerging market funds, also outflows from the gold funds and modest outflows as wel
angela merkel last week said that was the biggest problem. we know we need more growth, we just don't know how to get it right now. angela merkel said she doesn't next actually how to do it the economic data, the way i look at it, it's still pretty mixed. i think the best you can say, we have got a slow growth, slow grind higher at this point here. so, we need more business investment, we need more exports, we need healthier consumers right now. a lot of the discussions on washington, on the...
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Jan 22, 2013
01/13
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angela merkel and another leader met today. they met for the celebration, marking the 50th anniversary of the friendship treaty signed by the two countries after world war ii. now this meeting comes as european finance ministers today approved moving toward a financial transaction tax. specifically aimed at reducing the use of derivatives that's why tomorrow u.k. prime minister david cameron is making a pivotal speech about how he feels when it comes to the u.k.'s relationship with the european union. how it should change. he doesn't want a departure from the e.u. reme we ng about that, but some kind of modification. they have more financial transactions to tax than anybody else in europe. i mean, france and germany can say they have no problem with it. that's because they don't have that many of them. so that's why. >> you know, michelle, the big story may be whether or not "downtown abbey's" finances are being mismanaged. >> if they reduce the number of seasons because of that, that would be terrible. >> i knew that would get
angela merkel and another leader met today. they met for the celebration, marking the 50th anniversary of the friendship treaty signed by the two countries after world war ii. now this meeting comes as european finance ministers today approved moving toward a financial transaction tax. specifically aimed at reducing the use of derivatives that's why tomorrow u.k. prime minister david cameron is making a pivotal speech about how he feels when it comes to the u.k.'s relationship with the european...
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Feb 11, 2013
02/13
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the prime minister here in italy said he was shaken by the news, while the chancellor angela merkel said she respects his decision. and david cameron sending his wishes. it comes in a meeting this morning, he announced this decision to leave the papacy at the 28th of february at 8:00 at night. it was a decision made without consulting anyone. there was a lot of surprise. and also, the spokesman, when he made a speech -- or when he had a press conference just a few hours later, he said, you know, we need some time, we need some days to try to better understand how to move forward. just to better understand what's going to happen afterwards, is that there will be a conclave of 118 cardinals that will be electing the new pope. so clearly what happens between now and then, really, is that the pope will continue doing what he has done so far. his decision was unexpected. and the way he announced it was very, very simple. he said he doesn't feel he has the strength, mental and physical and spiritual, to move forward in this position. he needs the physical strength that he does not have. he has
the prime minister here in italy said he was shaken by the news, while the chancellor angela merkel said she respects his decision. and david cameron sending his wishes. it comes in a meeting this morning, he announced this decision to leave the papacy at the 28th of february at 8:00 at night. it was a decision made without consulting anyone. there was a lot of surprise. and also, the spokesman, when he made a speech -- or when he had a press conference just a few hours later, he said, you...
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Aug 15, 2013
08/13
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it is common across the developing world as our view of the economy improves in the midst of this angela merkel out and campaigning before the general election which is going to be, as you know, on september the 22nd. angie seems to be the posters that most people are holding up. now, there's an awful lot that is on hold until we get through this election. greece, portugal, spain, and cutting pengucu cutting pensions in france. certainly a lot is on hold for the result there. kelly? >> simon, thanks for that. we want to check now on how commodities are holding up in this tape. sharon epperson joins us from the nymex. what's going on? >> let's start with the u.s. and the u.s. commodity that is doing the best right now is natural gas. we told new the last hour about that natural gas storage report that showed an increase in supply. that was less than analysts had expected. that's a big reason why we're seeing the uptick here in natural gas prices and, in fact, we're looking at a technical level that traders are watching very carefully, $3.40. a close above here they say could be a technica
it is common across the developing world as our view of the economy improves in the midst of this angela merkel out and campaigning before the general election which is going to be, as you know, on september the 22nd. angie seems to be the posters that most people are holding up. now, there's an awful lot that is on hold until we get through this election. greece, portugal, spain, and cutting pengucu cutting pensions in france. certainly a lot is on hold for the result there. kelly? >>...
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Dec 3, 2013
12/13
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the 5s seems to be making up for weakness in the 5c and there are qualitative issues like hiring angela airons for burberry is good. and we've written ibeakons. >> what are ibeakons? >> they are read by your iphone. it could mean you would prefer their phone over a competitors. >> central to a lot of people at the moment is cloud computing and i think today is the day that google is going to make a big announcement it is going to up the ante for big and small businesses for what it offers them online for a cloud service and slash prices and better complete with amazon. the cloud is also central to this call you've got on apple. it's the flip side of why you've downgraded acensure and ibm. can you explain? >> going to public cloud is a loss of revenue for many of the traditional computing vendors. we expect continued macro weakness and concern about the cloud will keep them under pressure. money flow will tend to shift toward apple over the next 10 to 12 months. institutional ownership of apple is still at its lows. we think apple is going to look more increasingly, relatively attractive
the 5s seems to be making up for weakness in the 5c and there are qualitative issues like hiring angela airons for burberry is good. and we've written ibeakons. >> what are ibeakons? >> they are read by your iphone. it could mean you would prefer their phone over a competitors. >> central to a lot of people at the moment is cloud computing and i think today is the day that google is going to make a big announcement it is going to up the ante for big and small businesses for...
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angela merkel is stressing the fact that europe is a place for peace for millions and if everybody sticks together and trusts each other, they can pull through anything. that, of course, is very important, because it is that fundamental argument that drives the heart of the euro zone, peace after two world wars in the last century. finally, let me just mention michael schumacher, had a second operation. he's in hospital in the french alps, had a second brain operation overnight and is said to be doing better, though still critical, carl. >> that helmet may have saved his life. thanks, simon. happy new year to you, sir. >> you, too. >> let's bring in bob pisani. >> and we're in record territory. to give you a couple of thoughts of what happened in the prior year, 2013, and thoughts on what's happening in 2014. by market capitalization, once again, we've had a situation where small caps represented by the russell 2000 have outperformed big caps. this has been happening for several years. big caps, too, did better than large caps. midcaps the sweet spot of the market. that's where you find a
angela merkel is stressing the fact that europe is a place for peace for millions and if everybody sticks together and trusts each other, they can pull through anything. that, of course, is very important, because it is that fundamental argument that drives the heart of the euro zone, peace after two world wars in the last century. finally, let me just mention michael schumacher, had a second operation. he's in hospital in the french alps, had a second brain operation overnight and is said to...
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chancellor angelica americale l is -- angela merkel is going to shift from mother teresa to shakira. >> well, that is an image for all of us to think about today. >> she is going to help germany. >> and thank you for being here, and maure s tomorrow. you will be here tomorrow. "squawk on the street" is next. ♪ it is not about the money ♪ money money money ♪ we don't need your money ♪ we just want to make the world dance ♪ >>> welcome to tuesday morning "squawk on the street." i'm carl quintanilla with jim cramer as david faber has the day off. after the fourth straight day loss on the dow something we have not seen since last christmas and things are getting better working through the retail earnings. home depot is not affected by the rising 10-year yield, and we will talk more about that in a moment. another tough overnight session for global losses in tokyo and india. the road map begins with the retailers rallying -- best buy, home depot, urban, and they all beat handily expectations, but slightly different than penny. missing expectations, but trading up as the investor
chancellor angelica americale l is -- angela merkel is going to shift from mother teresa to shakira. >> well, that is an image for all of us to think about today. >> she is going to help germany. >> and thank you for being here, and maure s tomorrow. you will be here tomorrow. "squawk on the street" is next. ♪ it is not about the money ♪ money money money ♪ we don't need your money ♪ we just want to make the world dance ♪ >>> welcome to tuesday...